Blockaid, a web3 security startup co-founded by two former Israeli military cyber intelligence personnel, has raised $33 million in funding.
Blockaid, a web3 security startup co-founded by two former Israeli military cyber intelligence personnel, has come out of stealth with $33 million in funding.
Blockaid was founded in September 2022 by Ben-Natan and his former colleague Raz Niv. Both previously worked in the cyber security research and development team in Unit 8200, the Israeli military's cyber intelligence unit, and in the Office of the Prime Minister of Israel. The news comes amid an ongoing conflict between Israel and Hamas, a Palestinian militant group. Earlier this month, Hamas launched an unprecedented surprise attack on Israel, resulting in more than 1,000 Israeli casualties.Blockaid offers web3 security tools to help prevent crypto fraud, phishing and hacks. Blockaid said it is the only platform that can fully examine off-chain signatures as effectively as on-chain transactions, distinguishing itself from competitors such as CertiK and Cyvers.
Blockaid has scanned more than 450 million transactions to date, preventing over 1.3 million attacks, protecting over $7.1 billion worth of assets and averting losses of over $500 million, according to Ben-Natan.
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